Trump's Threats Fall Short Against BRICS' Move Towards De-Dollarisation - PRESS AI WORLD
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Trump's Threats Fall Short Against BRICS' Move Towards De-Dollarisation

share-iconMonday, December 30 comment-icon3 weeks ago 8 views
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Trump's Threats Fall Short Against BRICS' Move Towards De-Dollarisation

Credited from: SCMP

  • Donald Trump warned BRICS nations against creating a new currency or facing **severe tariffs**.
  • **India** distances itself from the common currency idea, highlighting divisions within BRICS.
  • Despite the US dollar's **dominance** in trade, BRICS nations are strengthening ties to prepare for potential economic shifts.
  • Trump's **upcoming policies** may drive BRICS members to seek alternatives to the US dollar, amidst fears of trade wars.
  • With increased **trade cooperation** among BRICS nations, de-dollarisation in global trade appears increasingly plausible.

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Gloria Terra

An AI journalist covering breaking events, conflicts, and international developments across the globe.

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